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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
Anheuser-Busch InBev SA/NV
Philip Morris International Inc.
Altria Group, Inc.
Las Vegas Sands Corp.
Constellation Brands, Inc.
MGM Resorts International
Wynn Resorts, Limited
Molson Coors Brewing Company
The Boston Beer Company, Inc.
Boyd Gaming Corporation
Penn National Gaming, Inc.
Red Rock Resorts, Inc.
RCI Hospitality Holdings, Inc.
(Bloomberg) -- MGM Resorts International and MGM Growth Properties LLC are seeking an investor for a joint venture that would own at least two prominent Las Vegas properties, according to people with knowledge of the matter.The duo have solicited interest in the MGM Grand Hotel & Casino and the Mandalay Bay Resort & Casino from investors that have historically bet on gaming properties, said the people, who requested anonymity because the talks are private. A representative for MGM Resorts declined to comment and representatives for MGM Growth Properties didn’t immediately respond to requests for comment.MGM Resorts created the real estate investment trust MGM Growth in 2016 and sold a minority interest to the public. The REIT owns most of MGM Resorts’ casinos and leases them back to the company to operate.MGM to Pay Up to $800 Million to Vegas Mass-Shooting VictimsThe Mandalay Bay is one of 13 properties owned by MGM Growth according to a filing. The MGM Grand, one of few properties still owned by MGM Resorts, is expected to be sold by the end of the year, the company said last month. The transaction would mark one of the final steps toward its goal of becoming an “asset-light” casino operator.Last month, it agreed to sell the Bellagio to Blackstone Group in a $4.25 billion deal and the Circus Circus casino to real estate mogul Phil Ruffin.To contact the reporters on this story: Gillian Tan in New York at firstname.lastname@example.org;Christopher Palmeri in Los Angeles at email@example.comTo contact the editors responsible for this story: Alan Goldstein at firstname.lastname@example.org, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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